Global stocks rose Monday after China said it would step up intellectual property protection and enforcement, a move that investors hope may address one of the key concerns for U.S. negotiators on the trade deal.
Futures linked to the Dow Jones Industrial Average edged up 0.3%, while the Shanghai Composite Index ended the day up higher 0.7%. The pan-continental Stoxx Europe 600 Index rose 0.7%, led by gains in the basic resources and travel and leisure sectors.
Do you trust China 's promise ?
FakeNews stocks are gaining due to stock buybacks and liquidity injections by the world central banks. Fake China and US trade news is not moving the markets. It’s a cover for liquidity injections by the central bankers.
China has no intention of protecting IP. For years, Chinese-state-sponsored hackers have plundered US industrial and military IP. Don’t believe these thieves.
But are they?